Buy Gold and Silver in Minnesota
Granted statehood in 1858, Minnesota is an expansive state with a large population and a varied economy, including agriculture, paper production and other forestry products, insurance, manufacturing, and food processing. Though there were early gold rushes in the Lake Vermilion area, it was iron ore mining that made Minnesota famous. Though most of the rich hematite deposits have been exhausted, taconite mining still produces a sizable chunk of the iron supply of the US.
Over 60% of the population of Minnesota lives in the Minneapolis and St. Paul areas, known as the Twin Cities. There are many top gold and silver dealers in Minnesota, many of which are concentrated in the area of the Twin Cities.
Are There Taxes on Buying Gold and Silver Bullion in Minnesota?
Minnesota does not have any sales tax exemptions for buying gold and silver bullion, coins, paper currency, or any other numismatic items. All such purchases are subject to the current Minnesota sales tax of 6.875%. Some items are even subject to a use tax, if they are purchased out of state and brought into Minnesota. Many cities and counties in Minnesota have additional sales taxes which can push the rate even higher.
CBMint is not based in Minnesota, so residents of Minnesota do not have to pay any sales taxes when buying bullion online from CBMint. Please feel free to Browse our Selection of tax-free bullion products.
Please note, we are not tax professionals or experts. Individuals are sometimes liable to pay local Use taxes. Contact your state and local tax authorities for all laws concerning taxes when buying bullion locally in Minnesota.
List of Minnesota Cities with Gold and Silver Dealers
Featured Gold and Silver Dealers in Minnesota (MN)
Listed below is a small sample of featured bullion and coin dealers in the state of Minnesota. If you would like to suggest any additional Minnesota coin or bullion stores to add to this list, feel free to Contact CBMint and let us know.
Seven Star Enterprises
Seven Star Enterprises is not a Minnesota coin shop -- they are a precious metals investment company, mainly focused on helping buyers invest in gold, silver, and platinum bullion. They are a United States Mint approved dealer, and their precious metals selection includes bullion bars, coins, and rounds. They offer investment advice, consultations, and will help investors set up a Precious Metals IRA. They are willing to ship gold, silver, and platinum bullion to investors anywhere in the United States.
1300 Godward Street NE #1550
Minneapolis, MN 55413
American Rare Coins and Collectibles
American Rare Coins is one of the best gold and silver dealers in Minnesota. Located in a suburb of Minneapolis, American Rare Coins has a huge product selection including rare US coins, certified coins, world coins, junk silver coins, Morgan silver dollars, proof coins, and investment-grade coinage. They buy and sell a large amount of gold and silver bullion, including American Eagles, Canadian Maple Leafs, Krugerrands, and gold and silver bars. Their easy-to-use website displays current gold and silver prices, as well as prices on many of their products. They also buy scrap gold and silver, as well as jewelry. Because their selection is always changing, be sure to call ahead if you are seeking a particular rare coin or other numismatic item.
7900 Xerxes Avenue South #140
Bloomington, MN 55431
Grove Coin and Investment Company
For over 50 years, Grove Coin has been one of the best Minnesota coin shops, selling a large range of coin types. Their selection includes rare US coins, gold and silver world coins, ancient coins, paper currency, exonumia, 90% junk silver, and other numismatic collectibles. They also buy precious metals products, such as gold bars, silver bars, bullion coins, rounds, jewelry, and scrap silver and gold. Their store is located inside of the Collectors' Gallery, a large conglomeration of stores selling collectible goods. Woodbury is a suburb of St. Paul, MN, making Grove Coin one of the best coin dealers in the Twin Cities area.
8306 Tamarack Village #401
Woodbury, MN 55125
Valley Coin Company
Valley Coin focuses on collectible coins, with a huge range of coin types available in any price group. Their selection includes slabbed coins, high-grade coins, Morgan and Peace silver dollars, pre-1933 US gold coinage, and world coins. Valley Coin is both PCGS and NGC certified, and they offer coin grading services to the public. Valley Coin has offerings that fit the budget of any collector, from beginner to seasoned, a fact which has made them famous as one of the best Minnesota coin shops for beginning collectors. Valley Coin also does sell and buy gold and silver bullion.
5525 34th Avenue North
Crystal, MN 55422
Lake Superior Coins
Lake Superior Coins is one of the largest and best gold and silver dealers in Duluth, MN. They specialize, however, in US coinage, with a huge selection of proof coins, mint sets, gold coins, silver dollars, raw and certified US coins, paper money, and foreign collectible coins. Their precious metals bullion offerings include gold and silver American Eagles, Canadian Maple Leafs, and world silver and gold coins. They also offer numismatic appraisals. Lake Superior Coins buys bullion and coins from the public, so their selection is always in flux.
118 1st Street West
Duluth, MN 55802